Gap Inc. Reports Third Quarter Fiscal 2022 Results
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Gap, Inc. (GPS) Tops Q3 EPS by 71c
November 17, 2022 4:16 PM ESTGap, Inc. (NYSE: GPS) reported Q3 EPS of $0.71, $0.71 better than the analyst estimate of $0.00. Revenue for the quarter came in at $4.04 billion versus the consensus estimate of $3.81 billion.
Fiscal Year 2022 Outlook
While our third quarter results underscore the initial progress we are making toward rebalancing our assortments and reducing inventories, we continue to take a prudent approach in light of the uncertain consumer and increasingly promotional environment as we look to the remainder of fiscal 2022, said Katrina OConnell, Executive Vice President and Chief Financial Officer, Gap Inc. In the near-term, we... More